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of <h1>Revised Duty Drawback Rates for 2011-12: Minor Reductions and DEPB Items Included, Effective October 1, 2011.</h1> The Central Board of Excise & Customs has revised the All Industry Rates (AIR) of Duty Drawback for 2011-12, effective from October 1, 2011. These rates are based on factors such as input prices and Standard Input Output Norms. The schedule now includes items previously under the DEPB scheme, with most experiencing a minor rate reduction. Clarifications were provided for specific product classifications, including tufted cotton bath mats and flexible intermediate bulk containers. Exporters were advised to follow established procedures for drawback payments and prioritize DEPB export consignments before the scheme's expiration on September 30, 2011.
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